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Mr. Mansoor Rashid Al-Khater, Chief Executive Officer of QFC, and Dr. Khalifa Al Salahi Al Yafei, Chief Executive Officer of QFBA. Image Courtesy: QFC
Helping bridge the gap between academic learning and industry practice
Press Release
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Doha – Qatar: The Qatar Financial Centre (QFC), a leading financial and business hub, and the Qatar Finance and Business Academy (QFBA) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in talent development and help bridge the gap between academic learning and industry practice.
The partnership establishes a framework for initiatives that equip students and young professionals with the knowledge, practical experience, and skills required to succeed in Qatar’s evolving financial sector. Under the MoU, QFC will offer internship opportunities to QFBA’s Northumbria University students, providing hands-on industry experience and pathways to future employment. The partnership will also extend to lectures, seminars, workshops, career fairs, and other academic and professional events that foster knowledge exchange between industry and academia.
The two organisations will also work together on the Takween Excellence Award Programme, a flagship initiative designed to support high-performing Qatari undergraduate students pursuing disciplines that are critical to the development of Qatar’s financial sector and future economy.
Mr. Mansoor Rashid Al-Khater, Chief Executive Officer of QFC, commented on the significance of the MOU, stating, “Developing national talent is essential to achieving the Qatar National Vision 2030, serving as a fundamental pillar for supporting sustainable economic growth. This requires a highly skilled workforce equipped to meet the evolving demands of the future. This partnership with QFBA reflects our shared commitment to preparing the next generation of professionals with the expertise and practical experience they need to meet the evolving demands of the modern workforce. This partnership will also expand the range of training and development opportunities available to QFC firms, equipping their workforce with the skills and expertise needed to thrive in an evolving financial landscape while supporting the growth of a knowledge-based economy.”
Dr. Khalifa Al Salahi Al Yafei, Chief Executive Officer of QFBA, said: “This Memorandum of Understanding marks an important step toward strengthening collaboration between educational institutions and the financial sector, while helping to translate academic knowledge into practical experience that reflects the realities of the workplace. Through our collaboration with Qatar Financial Centre, we look forward to expanding opportunities for students and young professionals to gain hands-on experience and exposure to industry best practices. This will help enhance their readiness for the labour market and support the development of national talent capable of keeping pace with the rapid evolution of the financial sector and contributing to its sustainable growth.”
The collaboration reinforces QFC and QFBA’s commitment to supporting the sustainable growth of Qatar’s financial services sector and wider economy by developing talent equipped to thrive in an increasingly dynamic global landscape.
About Qatar Financial Centre (QFC)
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms.
For more information about the permitted activities and the benefits of setting up in the QFC, please visit www.qfc.qa
About Qatar Finance and Business Academy (QFBA)
Qatar Finance and Business Academy was founded in 2009. The Academy aims to support the process of nationalization in Qatar through its programs by providing the labour market with competent and professional leaders equipped with the most up-to-date theoretical and applied knowledge and skills in the financial and banking fields.
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